HSBC Invests in New Malaysian Headquarters

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The Tun Razak Exchange (TRX), an iconic 28.3-hectare development in the heart of Kuala Lumpur, has seen 80% of the land on its north side being commercialised, or under negotiations.

TRX City Sdn Bhd Chief Executive Officer (CEO), Azmar Talib, said the group was now in an advanced stage of talks with various investors, some of them among the world’s most recognisable names in banking and finance.

Azmar said HSBC, one of the world’s largest banks, has committed US $250 million for the building of its new Malaysian headquarters in TRX.

“This is significant for us, as HSBC was also one of the early believers in Canary Wharf (in London) and the Dubai International Financial Center, our inspirations.”

Azmar said once TRX is open for business, the TRX Station will be the busiest station in Kuala Lumpur, with two lines and up to 25,000 passengers every hour at its peak.